Page 166 - Hodroff Collection January 2019 SaleCat

CONDITIONS OF SALE • BUYING AT CHRISTIE’S

CONDITIONS OF SALE 6 WITHDRAWAL (b) We may also ask you to give us a financial reference C AT THE SALE
These Conditions of Sale and the Important Notices and Christie’s may, at its option, withdraw any lot from and/or a deposit as a condition of allowing you to 1 WHO CAN ENTER THE AUCTION
Explanation of Cataloguing Practice set out the terms on auction at any time prior to or during the sale of the bid. For help, please contact our Credit Department We may, at our option, refuse admission to our premises
which we offer the lots listed in this catalogue for sale. lot. Christie’s has no liability to you for any decision at +1 212-636-2490. or decline to permit participation in any auction or to
By registering to bid and/or by bidding at auction you to withdraw. reject any bid.
agree to these terms, so you should read them carefully 2 RETURNING BIDDERS
before doing so. You will find a glossary at the end 7 JEWELLERY As described in paragraph B(1) above, we may at our 2 RESERVES
explaining the meaning of the words and expressions (a) Coloured gemstones (such as rubies, sapphires and option ask you for current identification, a financial Unless otherwise indicated, all lots are subject to a reserve.
coloured in bold. emeralds) may have been treated to improve their reference, or a deposit as a condition of allowing you to We identify lots that are offered without reserve with the
look, through methods such as heating and oiling. bid. If you have not bought anything from any of our symbol • next to the lot number. The reserve cannot be
Unless we own a lot in whole or in part (Δ symbol), These methods are accepted by the international salerooms within the last two years or if you want to more than the lot’s low estimate.
Christie’s acts as agent for the seller. jewellery trade but may make the gemstone less spend more than on previous occasions, please contact
strong and/or require special care over time. our Credit Department at +1 212-636-2490. 3 AUCTIONEER’S DISCRETION
A BEFORE THE SALE (b) All types of gemstones may have been improved The auctioneer can at his or her sole option:
1 DESCRIPTION OF LOTS by some method. You may request a gemmological 3 IF YOU FAIL TO PROVIDE THE (a) refuse any bid;
(a) Certain words used in the catalogue description have report for any item which does not have a report if RIGHT DOCUMENTS (b) move the bidding backwards or forwards in any way
special meanings. You can find details of these on the the request is made to us at least three weeks before If in our opinion you do not satisfy our bidder he or she may decide, or change the order of the lots;
page headed “Important Notices and Explanation the date of the auction and you pay the fee for identification and registration procedures including, but (c) withdraw any lot;
of Cataloguing Practice” which forms part of these the report. not limited to completing any anti-money laundering (d) divide any lot or combine any two or more lots;
terms. You can find a key to the Symbols found next (c) We do not obtain a gemmological report for and/or anti-terrorism financing checks we may require (e) reopen or continue the bidding even after the
to certain catalogue entries under the section of the every gemstone sold in our auctions. Where we to our satisfaction, we may refuse to register you to bid, hammer has fallen; and
catalogue called “Symbols Used in this Catalogue”. do get gemmological reports from internationally and if you make a successful bid, we may cancel the (f) in the case of error or dispute and whether during or
(b) Our description of any lot in the catalogue, any accepted gemmological laboratories, such reports contract for sale between you and the seller. after the auction, to continue the bidding, determine
condition report and any other statement made will be described in the catalogue. Reports from the successful bidder, cancel the sale of the lot, or
by us (whether orally or in writing) about any American gemmological laboratories will describe 4 BIDDING ON BEHALF OF reoffer and resell any lot. If any dispute relating
lot, including about its nature or condition, any improvement or treatment to the gemstone. ANOTHER PERSON to bidding arises during or after the auction, the
artist, period, materials, approximate dimensions, Reports from European gemmological laboratories If you are bidding on behalf of another person, auctioneer’s decision in exercise of this option
or provenance are our opinion and not to be will describe any improvement or treatment only that person will need to complete the registration is final.
relied upon as a statement of fact. We do not carry if we request that they do so, but will confirm requirements above before you can bid, and supply
out in-depth research of the sort carried out by when no improvement or treatment has been a signed letter authorising you to bid for him/her. A 4 BIDDING
professional historians and scholars. All dimensions made. Because of differences in approach and bidder accepts personal liability to pay the purchase The auctioneer accepts bids from:
and weights are approximate only. technology, laboratories may not agree whether a price and all other sums due unless it has been agreed (a) bidders in the saleroom;
particular gemstone has been treated, the amount in writing with Christie’s, before commencement of the (b) telephone bidders;
2 OUR RESPONSIBILITY FOR OUR of treatment, or whether treatment is permanent. auction, that the bidder is acting as an agent on behalf (c) internet bidders through ‘Christie’s LIVE™ (as
DESCRIPTION OF LOTS The gemmological laboratories will only report of a named third party acceptable to Christie’s and that shown above in paragraph B6); and
We do not provide any guarantee in relation to the on the improvements or treatments known to the Christie’s will only seek payment from the named (d) written bids (also known as absentee bids or
nature of a lot apart from our authenticity warranty laboratories at the date of the report. third party. commission bids) left with us by a bidder before
contained in paragraph E2 and to the extent provided in (d) For jewellery sales, estimates are based on the the auction.
paragraph I below. information in any gemmological report. If no 5 BIDDING IN PERSON
report is available, assume that the gemstones may If you wish to bid in the saleroom you must register for a 5 BIDDING ON BEHALF OF THE SELLER
3 CONDITION have been treated or enhanced. numbered bidding paddle at least 30 minutes before the The auctioneer may, at his or her sole option, bid on
(a) The condition of lots sold in our auctions can vary auction. You may register online at www.christies.com behalf of the seller up to but not including the amount
widely due to factors such as age, previous damage, 8 WATCHES & CLOCKS or in person. For help, please contact the Credit of the reserve either by making consecutive bids
restoration, repair and wear and tear. Their nature (a) Almost all clocks and watches are repaired in their Department on +1 212-636-2490. or by making bids in response to other bidders. The
means that they will rarely be in perfect condition. lifetime and may include parts which are not original. auctioneer will not identify these as bids made on behalf
Lots are sold “as is,” in the condition they are in at We do not give a warranty that any individual 6 BIDDING SERVICES of the seller and will not make any bid on behalf of the
the time of the sale, without any representation or component part of any watch is authentic. The bidding services described below are a free service seller at or above the reserve. If lots are offered without
warranty or assumption of liability of any kind as to Watchbands described as “associated” are not part of offered as a convenience to our clients and Christie’s reserve, the auctioneer will generally decide to open the
condition by Christie’s or by the seller. the original watch and may not be authentic. Clocks is not responsible for any error (human or otherwise), bidding at 50% of the low estimate for the lot. If no
(b) Any reference to condition in a catalogue entry may be sold without pendulums, weights or keys. omission, or breakdown in providing these services. bid is made at that level, the auctioneer may decide to go
or in a condition report will not amount to a (b) As collectors’ watches often have very fine and (a) Phone Bids backwards at his or her sole option until a bid is made,
full description of condition, and images may not complex mechanisms, you are responsible for any Your request for this service must be made no and then continue up from that amount. In the event
show a lot clearly. Colours and shades may look general service, change of battery, or further repair later than 24 hours prior to the auction. We will that there are no bids on a lot, the auctioneer may deem
different in print or on screen to how they look work that may be necessary. We do not give a accept bids by telephone for lots only if our staff such lot unsold.
on physical inspection. Condition reports may be warranty that any watch is in good working order. are available to take the bids. If you need to bid in a
available to help you evaluate the condition of a Certificates are not available unless described in the language other than in English, you must arrange this 6 BID INCREMENTS
lot. Condition reports are provided free of charge catalogue. well before the auction. We may record telephone Bidding generally starts below the low estimate and
as a convenience to our buyers and are for guidance (c) Most wristwatches have been opened to find out bids. By bidding on the telephone, you are agreeing increases in steps (bid increments). The auctioneer will
only. They offer our opinion but they may not refer the type and quality of movement. For that reason, to us recording your conversations. You also agree decide at his or her sole option where the bidding should
to all faults, inherent defects, restoration, alteration wristwatches with water resistant cases may not be that your telephone bids are governed by these start and the bid increments. The usual bid increments
or adaptation because our staff are not professional waterproof and we recommend you have them Conditions of Sale. are shown for guidance only on the Written Bid Form at
restorers or conservators. For that reason condition checked by a competent watchmaker before use. (b) Internet Bids on Christie’s LIVE™ the back of this catalogue.
reports are not an alternative to examining a lot in Important information about the sale, transport and For certain auctions we will accept bids over
person or seeking your own professional advice. It is shipping of watches and watchbands can be found in the Internet. For more information, please visit 7 CURRENCY CONVERTER
your responsibility to ensure that you have requested, paragraph H2(f). https://www.christies.com/buying-services/ The saleroom video screens (and Christies LIVE™) may
received and considered any condition report. buying-guide/register-and-bid/ As well as these show bids in some other major currencies as well as US
B REGISTERING TO BID Conditions of Sale, internet bids are governed by the dollars. Any conversion is for guidance only and we
4 VIEWING LOTS PRE-AUCTION 1 NEW BIDDERS Christie’s LIVE™ Terms of Use which are available cannot be bound by any rate of exchange used. Christie’s
(a) If you are planning to bid on a lot, you should (a) If this is your first time bidding at Christie’s or you on is https://www.christies.com/LiveBidding/ is not responsible for any error (human or otherwise),
inspect it personally or through a knowledgeable are a returning bidder who has not bought anything OnlineTermsOfUse. omission or breakdown in providing these services.
representative before you make a bid to make sure from any of our salerooms within the last two years (c) Written Bids
that you accept the description and its condition. you must register at least 48 hours before an auction You can find a Written Bid Form at the back of our 8 SUCCESSFUL BIDS
We recommend you get your own advice from a begins to give us enough time to process and approve catalogues, at any Christie’s office, or by choosing the Unless the auctioneer decides to use his or her discretion
restorer or other professional adviser. your registration. We may, at our option, decline to sale and viewing the lots online at www.christies. as set out in paragraph C3 above, when the auctioneer’s
(b) Pre-auction viewings are open to the public free of permit you to register as a bidder. You will be asked com. We must receive your completed Written hammer strikes, we have accepted the last bid. This
charge. Our specialists may be available to answer for the following: Bid Form at least 24 hours before the auction. Bids means a contract for sale has been formed between the
questions at pre-auction viewings or by appointment. (i) for individuals: Photo identification (driver’s must be placed in the currency of the saleroom. The seller and the successful bidder. We will issue an invoice
licence, national identity card, or passport) and, auctioneer will take reasonable steps to carry out only to the registered bidder who made the successful
5 ESTIMATES if not shown on the ID document, proof of your written bids at the lowest possible price, taking into bid. While we send out invoices by mail and/or email
Estimates are based on the condition, rarity, quality current address (for example, a current utility bill account the reserve. If you make a written bid on after the auction, we do not accept responsibility for
and provenance of the lots and on prices recently or bank statement); a lot which does not have a reserve and there is no telling you whether or not your bid was successful. If
paid at auction for similar property. Estimates can (ii) for corporate clients: Your Certificate of higher bid than yours, we will bid on your behalf at you have bid by written bid, you should contact us
change. Neither you, nor anyone else, may rely on any Incorporation or equivalent document(s) around 50% of the low estimate or, if lower, the by telephone or in person as soon as possible after the
estimates as a prediction or guarantee of the actual showing your name and registered address amount of your bid. If we receive written bids on a auction to get details of the outcome of your bid to
selling price of a lot or its value for any other purpose. together with documentary proof of directors and lot for identical amounts, and at the auction these are avoid having to pay unnecessary storage charges.
Estimates do not include the buyer’s premium or beneficial owners; and the highest bids on the lot, we will sell the lot to the
any applicable taxes. (iii) for trusts, partnerships, offshore companies and bidder whose written bid we received first. 9 LOCAL BIDDING LAWS
other business structures, please contact us in You agree that when bidding in any of our sales that you
advance to discuss our requirements. will strictly comply with all local laws and regulations in
164 force at the time of the sale for the relevant sale site.